Housing, Price Data Points to Sluggish Recovery Oct 21, 2009
Separately, the Labor Department said its producer price index -- a gauge of prices received by farms, factories and refineries -- dropped 0. 6 percent last month after rising 1. (ABC News -- Wire)
US wholesale prices slide 0.6% on energy Oct 21, 2009
The Labor Department said its producer price index reflected a 2. 4 percent drop in energy costs, which accounted for 90 percent of the overall decline. (Yahoo! Asia News)
Weak economic data weigh on Wall Street Oct 21, 2009
Optimism that equities would post a second day of gains this week on strong earnings fizzled out when showed a smaller- than-expected rise in September and the producer price index unexpectedly dropped during the month. EDITORS CHOICE. (FT.com -- Markets)
US new housing figures disappoint Oct 21, 2009
The Producer Price Index tracks the price of goods before they reach the shops and is considered an early indicator of price trends. However, the index has been volatile in recent months, giving little indication of the long-term trend. (BBC News -- Americas)
Wholesale Inflation Drops Oct 21, 2009
The Labor Department said the Producer Price index fell 0. 6 percent last month. (KWTX.com, TX)
Applications for home building permits fall Oct 21, 2009
8 percent of the government's Producer Price Index, will become more expensive for consumers in coming months. But analysts said the lingering impact of the recession, along with rising unemployment, will keep a lid on overall inflation. (MSNBC -- Business)
Stocks fall after mixed economic data, earnings Oct 21, 2009
Treasury prices rose, pushing their yields lower, after the Labor Department said wholesale prices fell in September, leaving a larger-than-expected monthly drop in the producer price index. The bond market tends to rise on signs of muted inflation. (Muscatine Journal, IO)
Welcome new price index Oct 20, 2009
However, the government needs to press on with its agenda of price index reform: a producer price index, several and combined services indices, and an expanded consumer price index that better reflects todays urban consumption. There is little sense in releasing manufacturing price 00004000 data on a weekly basis, when only 16-20% of the WPI items are updated. (India Times)
King: Lines being drawn on financial reform Oct 20, 2009
And from the government: the Labor Department's Producer Price Index (inflation), the Commerce Department's new housing starts report and the Fed's Beige Book -- its summary of economic conditions region by region. The markets will be in the news in other ways, as well. (CNN -- International)
China's economy has passed the worst and recovery will pick up momentum next year, according to a prominent Chinese economist. • Chinese economy expected to grow 9% in Q3: Experts Oct 19, 2009
According to a recent report by the Bank of Communications, although China's consumer price index (CPI) and producer price index (PPI) will continue to go down in the third quarter, the decline will be narrowed and the country's GDP growth rate is expected to reach 9 percent. Forecast from the U.S. investment bank Goldman Sachs is even bolder. (Xinhuanet, China)
Wall St outlook Earnings blitz to test market's mettle Oct 17, 2009
The September Producer Price Index is due for release on Tuesday. According to a Reuters poll of economists, PPI is expected to be unchanged from August when it rose 1. (Sydney Morning Herald -- Business)
S Korea's producer prices retreat for 5th month in Sept. Oct 9, 2009
According to a report by the Bank of Korea (BOK), the producer price index, which is directly related to future consumer inflation, declined 2. 6 percent on year in September, marking a five-month-straight fall. (Xinhuanet, China)
Commission should investigate entire value chain Oct 8, 2009
Some arguments point out that the producer price index (PPI), which measures the cost of inputs, has been going down for about three months now, but that deflation has not been passed on to the consumer, which is measured through the consumer price index (CPI). On its face value this argument is logical. (Business Report, South Africa)
Stats SA to revamp key measure of PPI Oct 5, 2009
On Friday, the agency announced a revamp of its producer price index (PPI) to better reflect price shifts in the production side of the economy. A vital spin-off of the exercise will be a more accurate view of economic activity as a whole. (Business Report, South Africa)
> Survival, stiff competition create buyers market for developers Sep 23, 2009
6 percent from last year, according to the most recent Producer Price Index. It gets even more dramatic when looking at specific categories such as highway and street production, which has fallen 15 percent, said Ken Simonson, chief economist for the of America. (San Jose Business Journal, CA)
Inflation expected to have remained in check Sep 17, 2009
2 percent increase, as measured by the Producer Price Index. Analysts expect the CPI to fall by 1. (Coos Bay-North Bend The World, OR)
Frail dollar boost rand Sep 16, 2009
Dow Jones Newswires reports that major currencies markets were mostly little changed on Tuesday as investors await key US reports, including retail sales and Producer Price Index data, both due at 8. 30am EDT.. (iAfrica.com)
Stock Indexes Advance Sep 16, 2009
1%; and the August producer price index (PPI) rose 1. 7% after falling 0. (BusinessWeek)
Read the story Sep 16, 2009
Excluding volatile energy and food costs, core inflation as measured by Producer Price Index posted a more modest 0. 2 percent increase, close to the 0. (CBS News -- Evening News)
Wall Street Hits 2009 Highs, Led by Materials Sep 16, 2009
A rise in the government's Producer Price Index signaled increased consumption of raw materials. Metals prices rose, sending shares of aluminum company Alcoa up 8. (ABC News -- Wire)
Stocks End Higher Sep 15, 2009
Coming Tuesday are reports on producer price index, retail sales, the Empire State index and business inventories. In M Monday, utility AES Corp. () rose after The Wall Street Journal reported that China's investment arm is interested in buying a stake in the company. (BusinessWeek)
Wall Street futures point to weaker open Sep 15, 2009
Labor Dept. releases the August Producer Price Index (PPI) at 1230 GMT (8:30 a.m. EDT) ... August Producer Price Index. (Yahoo News -- Press Releases)
Obama to talk with autoworkers, AFL-CIO members Sep 15, 2009
WASHINGTON - Labor Department releases the Producer Price Index for August, 8:30 a.m.. WASHINGTON -- Going before groups of autoworkers and union members, President Barack Obama is trying Tuesday to assure blue-collar audiences that the economy is coming back - and that his administration deserves credit for saving some of their jobs. (Fresno Bee -- Local)
Big mood shift seen in year after Lehman Sep 14, 2009
On the economic front, August retail sales, due tomorrow, along with the producer price index and a reading on July business inventories, will command attention. Data on New York state manufacturing is also due tomorrow. (The Star Online, Malaysia -- Business)
Business Events Scheduled for the Coming Week Sep 12, 2009
WASHINGTON Commerce Department releases retail sales for August, 8:30 a.m.; Labor Department releases the Producer Price Index for August, 8:30 a.m.; Commerce Department releases business inventories for July, 10 a.m.; Senate Finance Committee hearing on unemployment insurance benefits; Senate Energy and Natural Resources Committee hearing on greenhouse gas trading program. SAN JOSE, Calif. (ABC News -- Wire)
Stocks poised for more gains Sep 12, 2009
On the economic front, August retail sales, due on Tuesday, along with the Producer Price Index and a reading on July business inventories, will command attention. Data on New York state manufacturing is also due on Tuesday. (Sydney Morning Herald -- Business)
Oil costs drive up producer prices Sep 12, 2009
The producer price index of output prices registered a 0. 2 per cent rise, mainly due to increases in the cost of other manufactured petroleum and chemical products, although these were partly offset by a fall in tobacco and alcohol product prices, according to the. (FT.com -- Markets)
China's new lending in yuan rose to 410.4 billion yuan (60.02 billion U.S. dollars) in August from July's 355.9 billion yuan, but still a sharp decrease from 1.53 trillion yuan in June, the central bank said Friday.• China's August CPI falls 1.2%, PPI falls 7.9% Sep 11, 2009
The producer price index (PPI), a major measurement of inflation in wholesaling, in August fell 7. 9 percent from a year earlier. (Xinhuanet, China)
Will rally in Shanghai stock market resume Sep 3, 2009
The consumer price index and producer price index dipped 1. 8% and 8. (The Star Online, Malaysia -- Business)
Excess liquidity may create a new bubble Aug 31, 2009
The producer price index for commodities has risen more than the consumer price index from the beginning of 2007 till middle of 2008 (see chart), thereby putting pressure on margins as raw material costs rose more than selling prices. The squeeze in margins was compensated by rising sales volumes. (The Star Online, Malaysia -- Business)
PPI palpitations Aug 28, 2009
South Africa's producer price index registered deflation of -3. 8 percent year-on-year in July from 4. (iAfrica.com)
China's economy full of yelp Aug 21, 2009
3 per cent this quarter from a year earlier and the producer price index would decline 7. 9 per cent due to the high base of comparison in 2008. (Sydney Morning Herald -- Business)
Construction prices drop 0.6% in July Aug 19, 2009
6 percent during July, based on data from the U.S. Labor Department s producer price index released Tuesday. Construction materials prices are 8. (Wichita Business Journal, KS)
Wholesale inflation drops more than expected Aug 19, 2009
The declines in the Producer Price Index showed wholesale inflation pressures were even more subdued than prices at the consumer level. The government last week reported that the Consumer Price Index was unchanged in July and over the past 12 months fell 2. (MSNBC -- Business)
US housing starts, producer prices fall Aug 19, 2009
Compared with the same period last year, the producer price index was down 6. 8 per cent.. (Sydney Morning Herald -- Business)
Single-family housing starts rise; wholesale inflation falls Aug 19, 2009
Labor said its producer price index fell 0 ... The declines in the producer price index showed wholesale inflation pressures were even more subdued than prices at the consumer level. (USA Today -- Money)
Treasury Prices Post Modest Declines Aug 19, 2009
Meanwhile, the Labor Department said the producer price index, a measure of inflation at the wholesale level, fell 0. 9 percent last month. (ABC News -- Wire)
Stock index futures point to gains; housing data eyed Aug 18, 2009
The Producer Price Index for July is expected to register a decline of 0. 3 percent after jumping twice as much as expected in June to 1. (Yahoo News -- Press Releases)
Stocks could pull back as earnings end Aug 18, 2009
Among other data, the New York Federal Reserve's survey of manufacturing activity will be released on Monday and the Labor Department's Producer Price Index is set for Tuesday. Estimates for second-quarter S/span> earnings were raised modestly, with earnings now expected to decline 28 percent from a year ago compared with 29. (Yahoo News -- Press Releases)
U.S. Housing Starts in July Probably Rose to Highest Level in Eight Months Aug 18, 2009
Also at 8:30 a.m., Labor Department figures may show the producer price index fell 0. 3 percent from June, according to the survey. (Bloomberg -- US)
Monday Memo: Foreign affairs and health reform Aug 17, 2009
The Labor Department's Producer Price Index is released on Tuesday, along with Commerce Department figures on new housing starts. And the report on economic leading indicators comes Thursday morning. (CNN)
Business Briefing Aug 17, 2009
-- Labor Department releases the July Producer Price Index; Commerce Department releases July housing starts. -- Quarterly financial results from Hewlett-Packard, Home Depot, Saks, Target and TJX.. (San Francisco Chronicle -- Business)
Stocks Slide on Growth Worries Aug 15, 2009
Market players will be looking data on the Empire State index, the producer price index (PPI), housing starts, existing home sales, and the Philadelphia Fed index. Bloomberg News reported Friday President Obama's administration is considering raising fees on larger financial firms to help cover costs of new regulation by an agency set up to safeguard consumer financial products. (BusinessWeek)
Disappointing Data Chill Wall Street Aug 15, 2009
We expect a similar pattern for the July producer price index report, where we expect a 0. 6% headline drop alongside a 0. (BusinessWeek)
Wall St outlook Stocks tipped to fall as earnings wind down Aug 15, 2009
Among other data, the New York Federal Reserve's survey of manufacturing activity will be released on Monday and the Labor Department's Producer Price Index is set for Tuesday. Estimates for second-quarter S&P 500 earnings were raised modestly this week, with earnings now expected to decline 28 per cent from a year ago compared with 29. (Sydney Morning Herald -- Business)
Vital Signs: Is a Housing Rebound at Hand? Aug 14, 2009
Producer Price Index ... Producer Price Index (excluding food y). (BusinessWeek)
Weak credit extension, sales data show SA lags in cycle Aug 12, 2009
And she argued: "Since then, much has changed. Consumer inflation has been trending down more forcefully, helped by a strong base effect. The producer price index has moved further into negative territory. Money supply growth has all but collapsed.". Though the market is not pricing in a further rate cut at this point, Khan said: "The balance of risks has shifted meaningfully and renewed rate easing is now more probable than not, in our view.". (Business Report, South Africa)
Residential Real Estate Forecasters Wanted! Aug 12, 2009
You'll find (among other things) historical and current national and state unemployment rates, the consumer price index, producer price index, employment cost index, and many more factors that influence housing prices. There, the secret is out. (BusinessWeek)
Prices in China continue to fall Aug 11, 2009
8 per cent while the producer price index was down 8. 2 per cent from a year earlier, despite a flood of bank lending and investment in recent months. (FT.com -- Markets)
China's July CPI falls 1.8 %, PPI drops 8.2% Aug 11, 2009
The country's producer price index (PPI), a major measure of inflation at the wholesale level, fell 8. 2 percent year on year in July, according to the NBS. It showed a month-on-month increase of 1 percent. (Xinhuanet, China)
Economists cheer PPI data Jul 31, 2009
South Africa's producer price index (PPI) registered deflation of -4. 1% year-on-year (y/y) in June from -3. (Business Report, South Africa)
Prices of food leaving farms fall, raising hopes that the trend will reach shelves Jul 31, 2009
Statistics SA reported yesterday that the producer price index (PPI) plunged 4. 1 percent on an annual basis last month after falling 3 percent year on year in May. (Business Report, South Africa)
Bonds go sideways after brief CPI joy Jul 30, 2009
South Africa's producer price index (PPI) is expected to have registered deflation of -3. 4 percent year-on-year (y/y) in June from the 3. (Business Report, South Africa)
Crazed misery Jul 28, 2009
And even the Producer Price Index was up a whopping 1. 8% in One Freaking Month (OFM), too. (Asia Times Online)
Foundation of China's industrial recovery unsound: official Jul 22, 2009
The producer price index (PPI), a major measure of inflation at the wholesale level, fell 7. 8 percent year on year in June. (Xinhuanet, China)
A look at economic developments around the globe Jul 21, 2009
6 percent year-on-year fall in May and was the largest since the producer price index declined by 5 percent in December 1968, the Federal Statistical Office said. In month-on-month terms, producer prices were down 0. (Orangeburg Times and Democrat, SC)
Dollar firms as risk appetite grows Jul 20, 2009
Elsewhere on Monday, Australia's producer price index (PPI) at the final stage of production fell 0. 8 per cent in the June quarter, the Australian Bureau of Statistics (ABS) said. (Sydney Morning Herald -- Business)
China's GDP grows 7.9 prcent in the second quarter from a year earlier, the National Bureau of Statistics announced Thursday.• China's June CPI falls 1.7%, PPI down 7.8% Jul 16, 2009
Producer price index (PPI), a major measurement of inflation at the wholesale level, fell 7. 8 percent year on year in June, according to the NBS.. (Xinhuanet, China)
Treasurys Slide as Wholesale Inflation Surges Jul 15, 2009
The Labor Department said its Producer Price Index jumped 1. 8 percent last month in part because of higher energy prices. (ABC News -- Wire)
Stocks struggle higher after earnings, economic reports Jul 15, 2009
" The Dow Jones industrial average rose 27.81, or 0.3%, to 8,359.49. The Standard & Poor's 500 index rose 4.78, or 0.5%, to 905.83, while the composite index rose 4.78, or 0.4%, to 1,799.73. The days's economic reports, though, were troubling. Retail sales posted their largest gain in five months in June, but much of that increase came from higher gas prices, which could become a worry over the long term. Investors were also uneasy after a separate report showing wholesale prices rose far more... (USA Today -- Money)
ECONOMY: Improving retail sales make case for modest recovery Jul 15, 2009
The producer price index, which measures prices received by farms, factories and refineries, recorded its steepest gain since November 2007, the Labor Department said. Core prices, which strip out volatile food and energy costs, rose a much greater-than-expected 0. (USA Today -- Money)
Experts Talk Goldman's Q2, PPI, Retail Sales Jul 15, 2009
An enormous further surge in gasoline prices (which will clearly be soon moving sharply in the other direction) and a rebound in food after an unusually large drop last month boosted the headline [producer price index] to a 1. 8% surge, though this still left it down 4. (BusinessWeek)
US retail sales up again in June Jul 15, 2009
Its Producer Price Index (PPI) rose by 1. 8. (BBC News -- Americas)
Wholesale Prices Rose In June Jul 15, 2009
8 percent increase in the Producer Price Index, which tracks the costs of goods before they reach store shelves, came after wholesale prices rose 0. 2 percent in May. (KWTX.com, TX)
Stocks Rally, Led by Financials Jul 14, 2009
On this week's economic front, June reports on the producer price index, retail sales, industrial production, and housing starts will shed more light on how the economy is faring. "For investors, it's no longer good enough that the pace of decline in economic growth is slowing and that a bottom may have been reached," says Action Economics. (BusinessWeek)
